Change of settlement structure for ETFs of PIMCO ETFs Plc

Release date: 19 Oct 2020

069/2020 Change of settlement structure for ETFs of PIMCO ETFs PlcXetra Circular 069/20

1. Introduction

Please be advised that PIMCO ETFs Plc is planning a change of settlement structure for their Exchange Traded Funds (ETFs) traded on Xetra (MIC: XETR) and Börse Frankfurt (MIC: XFRA).

Production start: 26 October 2020

2. Required action

There is no required action.

3. Details

The issuer intends to convert the ETFs listed in the attachment to the International Central Securities Depository (ICSD) model with effective date Monday, 26 October 2020.

Following successful conversion, shares of these ETFs will be held in non-collective safe custody (NCSC). Short codes of the converting ETFs will remain unchanged.

All converting ETFs will remain CCP-eligible. Settlement of converted ETFs will take place on a Clearstream Banking Frankfurt International (“CBF-I”) 6-series account with settlement location “CBL”.

Trade confirmations, reports and contract notes will display “7525” as counterparty’s KV number and counterparty’s settlement account. The settlement account of Eurex Clearing will be “67525”.

Attachment:

  • Converting ETFs


Further information

Recipients:

All Xetra® Members and Vendors

Target groups:

Traders, Clearing, Security Adminstrators, General

Contact:

Institutional Sales, sales.cashmarket@deutsche-boerse.com

Web:

www.xetra.com

Authorised by:

Michael Krogmann, Dagmar Wojcik (on behalf of the Management Board)